China: Billet prices fall by $6/t d-o-d amid dull demand

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Chinese billet prices dropped by RMB 40/t ($6/t) d-o-d to RMB 2,910/t ($408/t), while SHFE Jan’26 rebar slipped RMB 20/t ($3/t) to RMB 3,024/t ($424/t).
The market remained weak but saw brief speculative buying, particularly in HRCs, amid lower inventories. Mills controlled allocations, offering slight support to local prices.
Export offers were largely unchanged, while raw materials offered some cost support.

billet market trends china billet prices China steel prices China: Billet prices fall by $6/t d-o-d amid dull demand Chinese mills Chinese steel market HRC Prices SHFE rebar Steel Exports steel inventories steel raw materials

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